Raging River Exploration (TSE:RRX) had its price target raised by investment analysts at GMP Securities from C$10.00 to C$12.00 in a note issued to investors on Monday, November 13th. GMP Securities’ price objective suggests a potential upside of 65.06% from the company’s current price.
RRX has been the topic of a number of other reports. BMO Capital Markets reaffirmed an “outperform” rating and issued a C$10.00 price target on shares of Raging River Exploration in a research note on Wednesday, September 13th. TD Securities lifted their price objective on Raging River Exploration from C$10.00 to C$11.00 and gave the stock an “action list buy” rating in a research report on Friday, November 10th. Scotiabank reiterated an “outperform” rating and set a C$11.00 price objective on shares of Raging River Exploration in a research report on Thursday, September 28th. Royal Bank Of Canada reduced their price objective on Raging River Exploration from C$13.00 to C$10.00 in a research report on Thursday, July 20th. Finally, Raymond James Financial upgraded Raging River Exploration from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from C$8.50 to C$9.50 in a research report on Friday, November 10th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of C$11.10.
Shares of Raging River Exploration (TSE:RRX) opened at C$7.27 on Monday. Raging River Exploration has a 1-year low of C$6.25 and a 1-year high of C$11.28.
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About Raging River Exploration
Raging River Exploration Inc, a junior oil and gas production company, engages in the exploration, development, and production of crude oil and natural gas properties in Western Canada. It primarily holds interests in the Viking oil resource play located in the Dodsland area in Southwestern Saskatchewan and southeast Alberta.
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